These are the upcoming stock splits for the week of January 6 to January 10, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split.
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In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.
Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable for retail investors. Let’s look quickly at the upcoming stock splits for the week.
The Real Good Food Company (RGF) – Real Good Food offers nutritious frozen food. The company claims that it is one of the only brands to create frozen food that is high in protein, lower in carbs, and uses real food ingredients. On December 30, RGF announced that its board of directors had approved a one-for-12 reverse stock split of its Class A common shares. The split was undertaken to regain compliance with Nasdaq’s minimum bid price requirement. RGF shares will start trading on a split-adjusted basis, effective January 6.
Oil-Dri Corporation of America (ODC) – Oil-Dri Corporation of America is involved in producing and supplying specialty sorbent products to consumers and businesses. The company has extensive mineral reserves and manufacturing facilities, catering to pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports, industrial, and automotive markets.
On December 11, ODC’s board announced a two-for-one stock split in the form of a stock dividend. Shareholders of record on December 20 received one additional share of ODC after the market close on January 3. Shares will start trading on a split-adjusted basis on January 6, 2025.
T Stamp Inc. (IDAI) – Trust Stamp offers AI-powered identity services and biometrics. Its solutions are used in various industries, including finance, regulatory compliance, government, real estate, and communications. On January 2, Trust Stamp announced a one-for-15 reverse stock split of its common stock to be effective on January 6. The split was undertaken to regain compliance with Nasdaq’s continued listing requirements and to make the shares more accessible to investors.
Creative Media & Community Trust Corporation (CMCT) – Creative Media & Community Trust is a REIT (real estate investment trust) that owns and operates premier multifamily and creative office assets across the U.S. On January 2, CMCT announced a one-for-ten reverse stock split of its common stock. CMCT shares are expected to start trading on a split-adjusted basis on January 6.
TC Biopharma Holdings Plc (TCBP) – TC Biopharma Holdings is a clinical-stage biopharmaceutical company focused on developing cost-effective allogenic CAR-T cell therapy products for the treatment of cancer. The company is also developing gamma delta T cell therapies for treating infectious diseases. On December 30, TCBP announced that its shareholders approved a 25% special stock dividend.
Accordingly, TCBP ADS (American Depositary Shares) holders will receive 0.25 additional ADS for every ADS held as of the record date of January 2. TCBP stock is expected to start trading on a split-adjusted basis on January 8.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
